NEW YORK, Dec. 31, 2025 (GLOBE NEWSWIRE) —
Society Pass Incorporated (Nasdaq: SOPA) (the “Company”)
, Southeast Asia’s (SEA) next generation e-commerce ecosystem, today announced the closing of its previously announced best efforts public offering of an aggregate of 1,500,000 shares of its common stock at a public offering price of $2.00 per share, for aggregate gross proceeds of $3 million, before deducting the placement agent’s fees and other offering expenses payable by the Company. The offering was priced at a premium to market under Nasdaq rules.
Rodman & Renshaw LLC acted as the exclusive placement agent for the offering.
The Company intconcludes to utilize the net proceeds from the offering for working capital and general corporate purposes, including operating expenses and capital expconcludeitures.
The securities were offered and sold pursuant to a registration statement on Form S-1 (File No. 333-292060), which was declared effective by the Securities and Exalter Commission (the “SEC”) on December 29, 2025. The offering was created only by means of a prospectus forming part of the effective registration statement relating to the offering. Electronic copies of the final prospectus may be obtained on the SEC’s website at http://www.sec.gov and may also be obtained by contacting Rodman & Renshaw LLC at 600 Lexington Avenue, 32nd Floor, New York, NY 10022, by telephone at (212) 540-4414, or by email at
[email protected]
.
This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
About Society Pass Inc.
Founded in 2018 as an e-commerce ecosystem in the rapid-growing markets of Vietnam, Indonesia, Philippines, Singapore and Thailand, which account for more than 80% of the SEA population, and with offices located in Bangkok, Ho Chi Minh City, Jakarta, Manila, and Singapore,
Society Pass Incorporated
(
Nasdaq: SOPA
) is an acquisition-focutilized holding company operating 3 interconnected verticals (digital media, travel, and lifestyle). Society Pass leverages technology to tailor a more personalised experience for customers in the purchase journey and to transform the entire retail value chain in SEA.
Society Pass completed an initial public offering and launched trading on the Nasdaq under the ticker SOPA in November 2021.
For more information on Society Pass, please visit:
Website at
https://www.thesocietypass.com
or
LinkedIn at
https://www.linkedin.com/company/societypass
or
Facebook at
https://www.facebook.com/thesocietypass
or
X at
Tweets by society_pass
or
Instagram at
https://www.instagram.com/societypass/
.
Cautionary Note Concerning Forward-Looking Statements
This press release contains “forward-seeing statements” within the meaning of the “safe harbour” provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the intconcludeed utilize of the proceeds from the offering. You can identify forward-seeing statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intconclude”, “believe”, “may”, “will”, “should”, “can have”, “likely” and other words and terms of similar meaning. Forward-seeing statements represent Society Pass Incorporated’s current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cautilize actual results to differ materially from those implied by the forward-seeing statements. Among those risks and uncertainties are market conditions, including the trading price and volatility of Society Pass Incorporated’s common stock and risks relating to Society Pass Incorporated’s business, including the Company’s ability to develop and successfully alter its business model and the Company’s ability to identify new investments and spin-off acquisitions.
Media Contact:
Raynuald LIANG
Chief Executive Officer
[email protected]
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